Thursday, June 11, 2009

Dollar update

The key indicator you want to watch is the DOLLAR. Will the Dollar Index defend the 80 level ?
One Indication could come from the USDYEN where we could see a failed or busted Head & Shoulders Pattern.

Busted Pattern usually turn explosive into the other direction unless it's just a throwback or retest..... (pls see here for this) . So keep an eye on this, the next couple of days will reveal the nature of this Pattern.........



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